Optima Cash

Optima Cash is our top up plan that provides coverage for daily cash benefit in case of hospitalisation due to illness or accidents. In addition, it also offers vast covers such as Day care procedures, convalescence benefit, parent’s hospitalization etc.

Sickness Hospital Cash -Daily cash amount paid for each continuous and completed period of 24 hrs , if the insured is hospitalised due to sickness.

Sickness ICU Cash - Twice the daily cash amount paid for each continuous and completed period of 24 hrs , if the insured is hospitalised due to sickness.

Accidental Hospital Cash - Daily cash amount is paid for each continuous and completed period of 24 hrs , if the insured is hospitalised due to accident.

Accident ICU Cash - Twice the daily cash amount for each continuous and completed period of 24 hrs , if the insured is hospitalised due to accident.

Day Care Procedure Cash - 50% of the Daily cash amount if the insured undergoes any of the 10 identified day care procedures which do not require 24 hours hospitalization due to technological advancements.

Joint Hospitalisation due to an Accident - Twice the daily cash amount for each continuous and completed period of 24 hrs , where two or more insured concurrently hospitalised due to accident.

Parent Accommodation - Daily Cash amount for parent’s accommodation if the Insured child is aged 12 years or less and is hospitalised for more than 72 hours.

*Additional Benefits covered under platinum plan

Other Benefits

Sum Insured Enhancement - Sum Insured can be enhanced only at the time of renewal subject to no claim have been lodged/ paid under the policy. If the insured increases the sum insured one grid up, no fresh medicals shall be required. In cases where the sum insured increase is more than one grid up, the case shall be subject to medicals. In case of increase in the sum insured waiting period will apply afresh in relation to the amount by which the sum insured has been enhanced. However, the quantum of increase shall be at the discretion of the company.

Cashless Service - You need to obtain a pre-authorization for all planned admissions atleast 48 hours prior to actual admission or regularize any emergency admission within 24 hours post the admission. The details of the process and the documentation requirements are given in the guide-book sent along with the policy.

Portability - If you are insured with some other company’s health insurance and you want to shift to us on renewal, you can. Our portability policy is customer friendly and aims to achieve the transfer of most of the accrued benefits and makes due allowances for waiting periods etc.

Tax Benefits - With Optima Cash Plan, you can presently avail tax benefits for the premium amount under Section 80D of the Income Tax Act. (Tax benefits are subject to changes in Tax Laws)

Optima Cash offers lifelong renewability i.e there is no maximum cover ceasing age in this policy.

Grace Period of 30 days for renewing the policy is provided under this policy.

Waiting periods as mentioned in the policy wordings gets reduced by 1 year on every continuous renewal of your Optima policy.

Renewal premium are subject to change with prior approval from IRDA. Any change in benefits or premium (other than due to change in age) will be done with the approval of the IRDA and will be intimated atleast 3 months in advance.